Varian Medical Systems, Inc. (VAR) Shares Bought by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp lifted its holdings in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 45.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,713 shares of the medical equipment provider’s stock after purchasing an additional 533 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Varian Medical Systems were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VAR. APG Asset Management N.V. grew its holdings in shares of Varian Medical Systems by 106.1% during the 3rd quarter. APG Asset Management N.V. now owns 1,669,419 shares of the medical equipment provider’s stock worth $167,042,000 after purchasing an additional 859,400 shares during the period. Old Mutual Global Investors UK Ltd. grew its holdings in shares of Varian Medical Systems by 431.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 812,983 shares of the medical equipment provider’s stock worth $81,347,000 after purchasing an additional 659,868 shares during the period. American Century Companies Inc. grew its holdings in shares of Varian Medical Systems by 313.9% during the 4th quarter. American Century Companies Inc. now owns 568,237 shares of the medical equipment provider’s stock worth $63,160,000 after purchasing an additional 430,934 shares during the period. Renaissance Group LLC purchased a new position in shares of Varian Medical Systems during the 3rd quarter worth $31,822,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Varian Medical Systems during the 3rd quarter worth $24,607,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Varian Medical Systems, Inc. (NYSE VAR) opened at $121.26 on Tuesday. Varian Medical Systems, Inc. has a 12 month low of $81.55 and a 12 month high of $130.29. The stock has a market capitalization of $11,071.07, a PE ratio of 97.01, a P/E/G ratio of 3.52 and a beta of 0.81.

Varian Medical Systems (NYSE:VAR) last posted its earnings results on Wednesday, January 24th. The medical equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.06. Varian Medical Systems had a return on equity of 27.13% and a net margin of 4.27%. The firm had revenue of $678.50 million for the quarter, compared to analyst estimates of $633.96 million. During the same quarter in the prior year, the company earned $1.09 EPS. Varian Medical Systems’s revenue was up 12.8% on a year-over-year basis. research analysts anticipate that Varian Medical Systems, Inc. will post 4.31 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. Citigroup increased their price target on Varian Medical Systems from $128.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barrington Research upgraded Varian Medical Systems from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Thursday, January 25th. JPMorgan Chase & Co. increased their price target on Varian Medical Systems from $88.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. BTIG Research reiterated a “hold” rating on shares of Varian Medical Systems in a report on Sunday, January 28th. Finally, Goldman Sachs Group lowered Varian Medical Systems from a “neutral” rating to a “sell” rating and set a $98.00 target price on the stock. in a research note on Thursday, January 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $108.44.

In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 2,018 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $111.97, for a total value of $225,955.46. Following the sale, the executive vice president now owns 27,749 shares of the company’s stock, valued at approximately $3,107,055.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark R. Laret sold 2,161 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $126.97, for a total value of $274,382.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,166 shares of company stock worth $17,886,310. 0.78% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This news story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/02/20/varian-medical-systems-inc-var-shares-bought-by-mufg-americas-holdings-corp.html.

Varian Medical Systems Company Profile

Varian Medical Systems, Inc is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.

Want to see what other hedge funds are holding VAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varian Medical Systems, Inc. (NYSE:VAR).

Institutional Ownership by Quarter for Varian Medical Systems (NYSE:VAR)

Receive News & Ratings for Varian Medical Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varian Medical Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply